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Theta Gold Mines (TGM) investor relations material
Theta Gold Mines Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Construction commenced on bulk earthworks and civil works at the flagship 6Moz TGME Gold Mine Project, marking a transition from planning to execution.
Secured US$4 million in capital during the quarter, with an additional A$60.7 million (US$39.9 million) in equity and debt funding post-quarter to accelerate project development.
Strategic board and management appointments were made to strengthen project execution.
Debt syndication process with commercial co-lenders is progressing to cover construction CAPEX.
Financial highlights
Cash position at 30 September 2025 was US$3.4 million (A$5.1 million).
Quarterly expenditures included US$594,802 for mining production and development, and US$119,312 for license to operate costs.
Net cash used in operating activities for the quarter was US$1.17 million; net cash used in investing activities was US$1.05 million.
Proceeds from borrowings totaled US$45,000; aggregate payments to related parties were US$111,000.
Estimated market capitalization as of 30 September 2025 was A$244 million (US$161 million).
Outlook and guidance
Project remains on track for the next development phase and first gold production.
Additional funding secured post-quarter is expected to support ongoing construction and operational ramp-up.
The company expects to continue operations and meet business objectives, underpinned by a large, prospective tenement holding and ongoing financing negotiations.
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